The Czech Republic’s PPF Group has increased its holding of shares and instruments in the German media company ProSiebenSat.1 Media SE (ProSiebenSat.1) to 15.04% in aggregate.
PPF’s holding represents 11.6% of voting rights on the outstanding share capital of ProSiebenSat.1.
Commenting on the transaction, Didier Stoessel, PPF chief investment officer, said: “Our growing shareholding in ProSiebenSat.1 demonstrates that PPF is a long-term and supportive investor with ample television broadcasting experience that can add value to Germany’s leading media company”.
As previously reported by Broadband TV News, PPF Group initially acquired a 9.10% stake in ProSiebenSat.1 in February this year.